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Popular This Week:  Internal Audit Performance Measures Key Performance Indicators (KPIs) and more!

Posted by Protiviti KnowledgeLeader on Thu, Feb 07, 2019 @ 05:30 PM

This week, we are highlighting the Top 5 Pages on KnowledgeLeader from January 28-February 1! Take a look at the "best of the best" of our tools that could help you simplify your audit projects.

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1. Internal Audit Performance Measures Key Performance Indicators (KPIs)

An effective business process is built on a set of well-defined and clearly stated business objectives. To build and continually improve an effective business process, a company establishes: key objectives to articulate the performance results the company expects from the business process, outcome measures to determine whether the company has reached the key objectives, and activity measures to monitor the performance of instrumental activities.

This tool outlines key objectives for conducting internal audits, the outcome measures associated with each objective, and the activity measures that drive each outcome measure. A link connects each outcome measure with its corresponding formula and analysis.

 

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2. Change Management Capability Maturity Model (CMM)

This document provides a sample capability maturity model and six elements of infrastructure for the change management process.

 

 

 

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3. Internal Audit Risk Assessment Questionnaire: Sample 2

Internal audit performs this risk assessment to identify and prioritize key risks to best allocate the internal audit resources for the next year. A key step in this process is to receive management’s input as to the actual, inherent and perceived risks existing in the organization. Management has the experience, insight and perspective needed to effectively determine the correct level and areas of focus of internal audit procedures.

This questionnaire includes a risk glossary defining terms in areas such as administration, finance, human resources, construction, regulatory and compliance, business development, commodity risk management, minority investments, plant operations, EH&S, research and development, and IT.

 

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4. Internal Audit Risk Assessment Questionnaire

Internal audit performs a risk assessment to identify and prioritize key risks to best allocate the internal audit resources for the next year. This risk-based approach is focused on surveys/interviews of a cross-section of management personnel to solicit input from the potential customers of an internal audit function. 

The output from the surveys and interviews can be used to develop an audit plan that creates broad coverage through a blend of internal audits, control self-assessment and targeted external audit coverage.

 

 

 

 

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5. The Top Risks for 2019 – Board Perspectives: Risk Oversight, Issue 111

The results of the latest survey of C-level executives and directors conducted by Protiviti and North Carolina State University’s ERM Initiative indicate that a challenging year lies ahead. Survey participants noted an increasingly risky global business environment in 2019 compared to 2018.

This issue of Board Perspectives summarizes five key takeaways from the survey and ranks the highest-rated risk themes in order of priority to provide context for understanding the most critical uncertainties companies face as 2019 gets underway.

 

 

 

Topics: KnowledgeLeader tools, weekly top 5

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